In this photo illustration, the artificial intelligence (AI) apps DeepSeek, ChatGPT, Google Gemini, Copilot, Claude, and Perplexity seen displayed on a smartphone.Sopa Images | Lightrocket | Getty ImagesThis report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. Each week, we’ll explore the biggest business stories in China, give a lowdown on market moves and help you set up for the week ahead. Like what you see? You can subscribe here.The big storyHearing about artificial intelligence from Chinese businesses paints a very different picture of how the tech…
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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s MacKenzie Sigalos reports from Las Vegas, where senior members of the White House are backing crypto as a pillar of U.S. economic strategy — as Trump Media unveils a $2.5 billion bitcoin treasury and officials push stablecoins to extend dollar dominance. Source link
Customers purchase produce from stalls at Carriageworks Farmers Market in Sydney, Australia, on Saturday, April 26, 2025. Bloomberg | Bloomberg | Getty ImagesAustralian consumer inflation held steady in April as higher health and holiday costs offset a drop in petrol prices, although the monthly measure tends to be volatile and left hopes for more interest rates cuts mostly intact.Data from the Australian Bureau of Statistics on Wednesday showed the monthly consumer price index rose 2.4% in April compared with a year earlier, unchanged from March but above median forecasts of 2.3%.The trimmed mean measure of core inflation increased by an annual rate of 2.8% in April from 2.7% in March. A…
The ‘Fast Money’ traders talk the market bounce back. Source link
A HDR evening shot taken at sunset of the Tokyo skyline.Fgm | E+ | Getty ImagesAsia-Pacific markets climbed Wednesday, tracking Wall Street gains on investor optimism after U.S. President Donald Trump extended the deadline for a 50% tariff on European Union imports until July 9.Japan’s benchmark Nikkei 225 rose 1.06%, while the Topix added 0.88%. South Korea’s Kospi rose 0.65% and the small-cap Kosdaq Index advanced 0.53%.Australia’s S&P/ASX 200 rose 0.21%.Hong Kong’s Hang Seng index rose 0.25% at the open, while mainland China’s CSI 300 climbed 0.21%.Australia’s inflation rate rose 2.4% in April, unchanged from March but higher than the median…
Elon Musk interviews on CNBC from the Tesla Headquarters in Texas. CNBC Studies regarding the benefits of return-to-office mandates have been mixed. Some find that hybrid workers are as productive as on-site ones, while others conclude that in-person work cultivates mentorship and training.In some cases, however, the results of being physically in the office are unequivocal. Tesla CEO Elon Musk said on X that he would be “spending 24/7 at work and sleeping in conference/server/factory rooms.” Investors appeared glad that Musk would be pivoting away from his involvement in politics to refocus on his companies, pushing up shares of the…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailBen Emons, Strategic Fortune Wealth senior investment executive and FedWatch Advisors Founder & CIO, joins ‘Fast Money’ to talk today’s market bounce. Source link
Consumer optimism got a much-needed boost in May on hopes for trade peace between the U.S. and China, according to a survey Tuesday.The Conference Board’s Consumer Confidence Index leaped to 98.0, a 12.3-point increase from April and much better than the Dow Jones consensus estimate for 86.0.Much of the positive sentiment, according to board officials, came from developments in the U.S.-China trade impasse, most notably President Donald Trump’s halting of the most severe tariffs on May 12.”The rebound was already visible before the May 12 US-China trade deal but gained momentum afterwards,” said Stephanie Guichard, the Conference Board’s senior economist…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
The S&P 500 and the Dow Industrials snapped a four-day losing run on Tuesday. Here’s what CNBC is watching going into Wednesday. Source link
